CARDO ACQUIRES MANUFACTURER OF MEASURING INSTRUMENTS FOR PULP AND PAPER INDUSTRY

CARDO ACQUIRES MANUFACTURER OF MEASURING INSTRUMENTS FOR PULP AND PAPER INDUSTRY

Cardo has acquired the Finnish company Kajaani Process Measurements Oy, which is
one of Finland's leading manufacturers of sophisticated measuring instruments
for the pulp and paper industry. The information is not deemed to be stock price
sensitive information.

Kajaani Process Measurements Oy (KPM) has approximately ten employees and sales
of approximately SEK 20 million. KPM, which was founded in 2001, runs an
operation in Kajaani in northern Finland. The company develops, manufactures and
sells sophisticated measuring instruments for pulp and paper. Through the
acquisition, Cardo's division Pulp & Paper Solutions is strengthening its
position in this field.

The acquisition will be realized at an enterprise value of approximately SEK 36
million. The acquisition is expected to have a marginally positive effect on
Cardo's earnings during 2008.

“Lorentzen & Wettre, within Pulp & Paper Solutions, is the leader in measuring
instruments for the global pulp and paper industry. By acquiring KPM, we are
further strengthening this position and adding products and new skills within
the segment for on-line measurement of pulp,” says Peter Aru, Cardo's President
and CEO.


Malmö, Sweden, July 21 2008
Cardo AB (publ)

For further information, please contact: 
Peter Aru, President and CEO, tel. +46 40 35 04 53 
Ulf Liljedahl, CFO, tel + 46 40 35 04 42
Maria Bergving, SVP Communications & Investor Relations, tel. +46 40 35 04 25, 
+46 70 602 61 81, maria.bergving@cardo.com

Cardo is an international group with leading brands, offering solutions with
quality products, a high level of service and great applications know-how to
industrial customers. Operations are pursued in the Group's divisions: Door &
Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and
Residential Garage Doors, which all enjoy strong positions in their respective
markets. The Group has approximately 6,000 employees in more than 30 countries
and sales of approximately 
SEK 9.5 billion. Corporate headquarters are located in Malmö, Sweden.